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the italians had a claim on the papacy a long time until john paul the iind now, they had a poll and german in the seat and i imagine they would be interested having it back in italy. at the same time, there is very good talent outside europe that might be able to lead the church. i think they'll look widely but won't be simply geographical, what kind of vision will they have going forward and considerations of age and health obviously in this case. i think all those will be on the table. >> they say you want to live in interesting times. certainly, we all are going to get a chance to watch how the pope's voice is absorbed into this discussion by the conclave, right? how much of a voice will he have in this? >> caller: i suspect he will have very little or none. if he's prudent, i don't think he will try to appoint his own successor, let the cardinals choose one of their own because they have to live with the decision. this is an unprecedented situation. popes don't generally pick their successors and i don't think he will. my suspicion is he will retreat from the process an not part
the italians had a claim on the papacy a long time until john paul the iind now, they had a poll and german in the seat and i imagine they would be interested having it back in italy. at the same time, there is very good talent outside europe that might be able to lead the church. i think they'll look widely but won't be simply geographical, what kind of vision will they have going forward and considerations of age and health obviously in this case. i think all those will be on the table....
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he was not john paul ii. john paul was such an immense figure. is that a fair point mr. moody is making? >> well, i think it is a fair point. i have nothing but the greatest admiration for john, and i think pope benedict knew that. what comes through about pope benedict is the humility in one interview he gave, long book interview, where he mentioned the possibility of resigning but he said i'm convinced there are great popes and small popes, and he was talking about john paul ii as a great pope, and himself as small pope, which is also strange because he is obviously a great intellectual. but he knew he didn't have either the energy or, if you will, the pizazz of john paul ii, the media satisfy iy. but what he wad was very genuine. he is a month in love with god, and a very humble one. i noticed on the trip to the u.s., and you see the stadium filled, and john paul would enjoy those as much as an actor enjoys a big crowd, and benedict was a little bit almost embarrassed. but there was something beautiful and endear about that. >> there were missteps and miscues along th
he was not john paul ii. john paul was such an immense figure. is that a fair point mr. moody is making? >> well, i think it is a fair point. i have nothing but the greatest admiration for john, and i think pope benedict knew that. what comes through about pope benedict is the humility in one interview he gave, long book interview, where he mentioned the possibility of resigning but he said i'm convinced there are great popes and small popes, and he was talking about john paul ii as a...
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would it be a young, virile pope like pope john paul ii? or do you have any idea who's in the running? are there five cardinals who are -- >> well, you know, usually this ripens as the pope becomes weaker and weaker. and benedict -- >> didn't do it. >> this is a complete surprise to even those who are in the know. so i would say that i would look for kind of heading out burke, who is the head of the supreme court, so to speak, of the church. he's an american. >> that would be unbelievable. that would be a first, obviously. >> and i'm not ranking them in any order. >> okay. >> scola in venice, who is a student of the pope, and intellectual on the youker side. pell of australia, would be another interesting one, simply because he's vigorous, and known. he was follow very much in the line of benedict. and then you've got a scattering of latin american and -- >> last time i remember -- >> some other italians. i wouldn't be surprised if we get another italian. because the italians are smarting from this, having lost the papacy now in the two rou
would it be a young, virile pope like pope john paul ii? or do you have any idea who's in the running? are there five cardinals who are -- >> well, you know, usually this ripens as the pope becomes weaker and weaker. and benedict -- >> didn't do it. >> this is a complete surprise to even those who are in the know. so i would say that i would look for kind of heading out burke, who is the head of the supreme court, so to speak, of the church. he's an american. >> that...
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john paul ii was the pope of de television and the traveling pope. pope benedict xvi has been called the pope of the internet. the pope of the rich in word. his teachings are so simple yet profound. i would encourage people just to read what he has written himself. he has a marvelous series on jesus of nazareth three books in a 3 part series. just very simple and yet very profound. what do congress look for? i asked that of cardinal dolan yesterday. his response was weatherman knee things are kneaded, many, many things, one of the first priorities of the cardinal he believes will be to find somebody who can give the new impetus to the church and strength and vigor and preaching president gospel of jesus with happiness and with conviction. and conviction not only of his own but being able to give conventioning reasons -- convincing reasons to the world no doubt the papacy is a different office or role than it was in the past because of communication. to have a pope who can communicate with that conviction to a world i believe is starving for real reas
john paul ii was the pope of de television and the traveling pope. pope benedict xvi has been called the pope of the internet. the pope of the rich in word. his teachings are so simple yet profound. i would encourage people just to read what he has written himself. he has a marvelous series on jesus of nazareth three books in a 3 part series. just very simple and yet very profound. what do congress look for? i asked that of cardinal dolan yesterday. his response was weatherman knee things are...
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paul. >> pope john paul ii. >> yes, of course. the long twilight of john paul, his struggle with age and parkinson's disease, lingering effect of the 1981 assassination attempt are all played out in full public view, and john paul decided to use his illness and decline in a way as a teaching moment, that -- to show the world you can still be of value, still play an important role while being ill, suffering, and so on. that was john paul's particular way of handling the twilight of his life. benedict xvi, while i think certainly ahe certainly admiring john paul, thinks that's not the path that every pope takes. some of the difficulties the vatican faced in recent years. internal disarray relating to the leaked crisis. the damage imposed upon the public image of the church by the sex abuse scandals and so on, it's clear that that has taken a toll on benedict xvi, he has struggled with that personally and it may well be that the people who have seen the cumulative effect of that, that the church needs a new lease on life and a fresh
paul. >> pope john paul ii. >> yes, of course. the long twilight of john paul, his struggle with age and parkinson's disease, lingering effect of the 1981 assassination attempt are all played out in full public view, and john paul decided to use his illness and decline in a way as a teaching moment, that -- to show the world you can still be of value, still play an important role while being ill, suffering, and so on. that was john paul's particular way of handling the twilight of...
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martha: at that time obviously the legacy of sphoap john paul was so -- the legacy of pope john paul was so huge. some those would be a transitional pope before the next person was ready to take over. we have a lot to go over with all of this in the course of the next couple hours. in the meantime we want to bring you this breaking news and fill you in on this situation unfolding in a courthouse in wilmington, delaware where we just heard shots have been fired. police are confirming there are several injuries in this case. the building is on lockdown. some people are still inside that building. we have a crew en route there. we'll bring you the latest information as soon as it becomes available. another day, another shooting story. the los angeles police department is offering a $1 million reward for information that would lead to the capture of a former police officer. christopher dorner accused of murdering three people in a rampage last week and included in those deaths is a police officer. here is video that shows dorner during this police training. we have not seen much of this
martha: at that time obviously the legacy of sphoap john paul was so -- the legacy of pope john paul was so huge. some those would be a transitional pope before the next person was ready to take over. we have a lot to go over with all of this in the course of the next couple hours. in the meantime we want to bring you this breaking news and fill you in on this situation unfolding in a courthouse in wilmington, delaware where we just heard shots have been fired. police are confirming there are...
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it was very difficult to imagine another pope after pope john paul. they needed somebody to be different. i think he have the strength and the character to do that. >> he certainly have the intellect. the catholic church is declining in numbers in europe and america. it is growing in africa and latin america. is it time for a pontiff from outside europe? >> it is certainly possible. just before being elected pope, he thought that the time might be drawing close for a pulp from another part of the world. i would say possible. there are strong european candidates. the college of cardenals is an immense group of talent. there are strong candidates from south america, africa, and the far east. pope benedict has given us a great legacy of courage preaching the gospel. just last week he was speaking at one of the seminary's in rome. he warned students against a false optimism. the idea that everything is right with the church. he said, no, there is sin. he also warned against a false pessimism, that christianity is dying. he said that the church is always r
it was very difficult to imagine another pope after pope john paul. they needed somebody to be different. i think he have the strength and the character to do that. >> he certainly have the intellect. the catholic church is declining in numbers in europe and america. it is growing in africa and latin america. is it time for a pontiff from outside europe? >> it is certainly possible. just before being elected pope, he thought that the time might be drawing close for a pulp from...
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. >> seeing a german succeed pope john paul ii was a victory for our country. in benedick's ministry, they combine high philosophical teaching with a straight forward manner of speaking and humanitarian kindness. chancellor merkel also commented on benedict's decision expressing understanding or his motivations. she praised him as saying that, as pope, he committed himself to interfaith dialogue. >> restrengthen the ties to the eastern orthodox churches. he reached out to jews and muslims. . xvi is and will remain one of the greatest religious figures of our time. >> i cannot imagine this. a pope is elected to serve until the end of his life. it is a decision that will perhaps make room for younger generation to take office. >> for the most part, his move received strong support from the german capital. >> for more, we're joined now by our religious affairs correspondent. john, you have and our correspondent during the entire time of his role. did the news, as a surprise? >> not entirely, sabrina. 10 years ago, he said in public that he thought it was appropria
. >> seeing a german succeed pope john paul ii was a victory for our country. in benedick's ministry, they combine high philosophical teaching with a straight forward manner of speaking and humanitarian kindness. chancellor merkel also commented on benedict's decision expressing understanding or his motivations. she praised him as saying that, as pope, he committed himself to interfaith dialogue. >> restrengthen the ties to the eastern orthodox churches. he reached out to jews and...
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this job before he became pope he was essentially regarded as the john paul of seconds papal bulldog he was the defender of the doctrine of fair for faith and not role he is accused of covering up sexual abuse scandals all around the world but also here in germany in fact in recent times there's been further controversy over this as the church here in germany canceled an investigation into child abuses that ranged back to the 1940's and stop that investigation apparently according to the man who was conducting it because they weren't happy with what would be made public so there's certainly been controversy and it will be something that's picked over for a long time to come after benedict steps down at the end of this month. and while the vatican is mulling replacement of the outgoing pope an anti abuse campaign a barber doris's told me that little will change as the catholic church hasn't done anything to bring alleged paedophiles to justice we believe that he uttered words he said there was filth in the priesthood he apologized to the victims but he took no actions he didn't discip
this job before he became pope he was essentially regarded as the john paul of seconds papal bulldog he was the defender of the doctrine of fair for faith and not role he is accused of covering up sexual abuse scandals all around the world but also here in germany in fact in recent times there's been further controversy over this as the church here in germany canceled an investigation into child abuses that ranged back to the 1940's and stop that investigation apparently according to the man...
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succeeding john paul ii who had reigned as pope for 25 years. >> he had a hard act to follow. >> a very difficult act. but he followed in his own way. >> reporter: father james marten is editor at large of the order's magazine "america." >> if john paul was a rock star, he was the beloved professor. >> reporter: benedict was a shy man with a great reputation in the church. a theologian a strong advocate for a return to tradition in the face of the modern world. but these were hard years for the catholic church and the pope. there was the continuing agony in the church of the sex abuse scandals in several countries. cardinal timothy dolan of new york spoke with diane sawyer earlier and reflected on the toll of it all. >> when he speaks about the church, when he speaks about christian life they are the most noble, loving, the most elevated sentiments you can have. and for him to see the troubles, the corruption, the scandals that have always afflicted members of the church, that's got to weigh on him. >> reporter: another scandal hit close to home. his own personal but tear stole a trove
succeeding john paul ii who had reigned as pope for 25 years. >> he had a hard act to follow. >> a very difficult act. but he followed in his own way. >> reporter: father james marten is editor at large of the order's magazine "america." >> if john paul was a rock star, he was the beloved professor. >> reporter: benedict was a shy man with a great reputation in the church. a theologian a strong advocate for a return to tradition in the face of the modern...
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john paul ii's is in his casket. in this case i guess they will hold on to it. they put it in a satchel and it will eventually be buried with pope benedict but he will no longer be pope. >> now the cardinals during the preconclave period are not supposed to be campaigning but i would imagine that is what they're doing, fast and furiously, right? >> well, it's a quiet campaign. it's kind of a meet and greet. they look at each other from afar. i remember going to a horse auction when i was a kid. bear with me here. when you go to a horse auction you look at the horses' legs, their mouth, you read the press, you talk to the trainers but you don't talk to the horses. that's sort of the approach. at least that's what they're telling me. they don't go to the man they're directly thinking about who might be a candidate, they talk to friends, they talk to people who know them and begin to form an impression. is this the guy we need now. and that's how it happens. then they go into the conclave and vote. the two-thirds majority, first man to get to the two-thirds majorit
john paul ii's is in his casket. in this case i guess they will hold on to it. they put it in a satchel and it will eventually be buried with pope benedict but he will no longer be pope. >> now the cardinals during the preconclave period are not supposed to be campaigning but i would imagine that is what they're doing, fast and furiously, right? >> well, it's a quiet campaign. it's kind of a meet and greet. they look at each other from afar. i remember going to a horse auction when...
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i want to say thank you, pope john paul ii . the reason why, as i would say thanks to your predecessor pope john paul ii. this is it a evangelical and not a catholic who appreciates the firm convictions of the catholic church and popes who decipeded that the purpose of the church is not a mere thermometer reflecting the culture of whatever the world happens to believe in the given moment, but believes that the church is to be the thermostat that can read the culture that is it prevalent in the world, but whose purpose is to adjust the temperature of the culture to what it ought to be . for that, i say thank you for faithful service to the bible, and to the traditions much gold's people. a good thing. well, scientist say that the meteor that streak would across the sky in russia on morning exploded with a force equivulent . atomic here's what the leader of russia said. those are not metorites falling, it is the americans trying out a new weapon. really? i think he must think that we have a great big bubble gum machine that we wil
i want to say thank you, pope john paul ii . the reason why, as i would say thanks to your predecessor pope john paul ii. this is it a evangelical and not a catholic who appreciates the firm convictions of the catholic church and popes who decipeded that the purpose of the church is not a mere thermometer reflecting the culture of whatever the world happens to believe in the given moment, but believes that the church is to be the thermostat that can read the culture that is it prevalent in the...
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pope john paul ii was 84 when he died. wlerned after he died he considered twice resigning because of his ill health. this sets up a political process with the conclave electing the next pope. dan harris joining us on this discussion. it was a quick process to anoint pope benedict. how does the process work? >> this is a fascinating, intricate, ancient process. a brief look at how it works. take a look. for the past 10 year, papal elections have been held in the vatican's sistine chapel. they're totally cut off from the outside world. all banned. once the election commence, they'll sleep and eat in the santa marta house in private rooms, each with a bathroom. about 70 people are awe loied in besides the cardinals. who can vote for the pope? usually those under the age of 80 at the time of the pope's death. so at this time benedict is still alive. will he be part of it or will his age keep him out? any catholic male, not married, is eligible. for more than 1,000 year, it's almost always been a cardinal. the ballots are secr
pope john paul ii was 84 when he died. wlerned after he died he considered twice resigning because of his ill health. this sets up a political process with the conclave electing the next pope. dan harris joining us on this discussion. it was a quick process to anoint pope benedict. how does the process work? >> this is a fascinating, intricate, ancient process. a brief look at how it works. take a look. for the past 10 year, papal elections have been held in the vatican's sistine chapel....
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. >> he was the teacher, as i said, about john paul, they came to see him. and benedict they came to hear him. he stepped aside when he felt he could no longer lead. >> i have no doubt that this was an issue of conscience for me. he was not going to play golf, i think he realized that in conscience, he had to perform pa is storal responsibilities. >> while some younger catholics say they want to see change from the next pope. >> the people that effect my faith life are people i interact with on a daily basis. i'm not going to rome and see the pope. >> none of us have seen the resignation of a pope. but people feel that as our lives are longer, this may not be the last resignation that we see. >> thank you. today's announcement spark as worldwide debate, who will be the next pope. peter turkson is a candidate and on the list, francis arinz event, a principal adviser to pope john paul ii, if selected either would be the first black pope in history and on the list of replacements, marc ouellet, the position of pope once reserved on italians is open to all. timo
. >> he was the teacher, as i said, about john paul, they came to see him. and benedict they came to hear him. he stepped aside when he felt he could no longer lead. >> i have no doubt that this was an issue of conscience for me. he was not going to play golf, i think he realized that in conscience, he had to perform pa is storal responsibilities. >> while some younger catholics say they want to see change from the next pope. >> the people that effect my faith life are...
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we'll head to washington and ask john harwood about the latest negotiations right after this. later this morning, a cnbc exclusive house chairman paul ryan will be joining us live at 8:00 eastern time. it's the first time we'll be talking to him since the election. first, though, take a look at yesterday's winners and losers. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per s
we'll head to washington and ask john harwood about the latest negotiations right after this. later this morning, a cnbc exclusive house chairman paul ryan will be joining us live at 8:00 eastern time. it's the first time we'll be talking to him since the election. first, though, take a look at yesterday's winners and losers. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like...
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paul and who was here with me in rome when we covered the death of john paul. and carl, it is good to see you. and i'm wondering just about your general reaction now, eight years later, when many people thought this would be a placeholder pope, what are your thoughts today? >> i think that it was worse than a placeholder pope. that the church fell into a kind of morass because of its internal problems and the failure to modernize its institutions, the conclave that elected benedict probably could have seen this coming, it didn't. but the truly revolutionary act of this papacy is the resignation of benedict while he's still somewhat able. it breaks tradition and it's an extraordinary and brave act that perhaps will enable the next conclave to think differently about the future of the church. and i started doing some thinking and going back and looking at modern history of the church last night. maybe, they're always talking, the cardinals, about hoe the holy spirit may move them. maybe it's time for a new vatican council, such as pope john xxiii called in the mi
paul and who was here with me in rome when we covered the death of john paul. and carl, it is good to see you. and i'm wondering just about your general reaction now, eight years later, when many people thought this would be a placeholder pope, what are your thoughts today? >> i think that it was worse than a placeholder pope. that the church fell into a kind of morass because of its internal problems and the failure to modernize its institutions, the conclave that elected benedict...
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a relative enigma compared to john paul ii, of course. an old fashioned man in modern times. and now the question for catholics and their church becomes what next. nbc's anne thompson is here with us, with part of that story. anne, good evening. >> good evening, brian. we're in such uncharted territory, that the vatican doesn't even know how pope benedict will be addressed after february 28th. when a pope dies, the conclave to elect his successor begins 15 days after his death. but now when it will start is just one of many mysteries in the wake of today's startling news. ♪ the cardinals, the men who will elect benedict's successor, were as surprised as the people in the pews. new york's cardinal timothy dolan on the "today" show. >> i'm as startled as the rest of you and anxious to find out exactly what's going on. >> reporter: and like the nation's cardinals, the faithful have many questions. >> maybe he's trying to do what's best for us as the church and he wants us to be led by, you know, a strong person who is of sound mind and body. >> reporter: some express the hope
a relative enigma compared to john paul ii, of course. an old fashioned man in modern times. and now the question for catholics and their church becomes what next. nbc's anne thompson is here with us, with part of that story. anne, good evening. >> good evening, brian. we're in such uncharted territory, that the vatican doesn't even know how pope benedict will be addressed after february 28th. when a pope dies, the conclave to elect his successor begins 15 days after his death. but now...
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and we know that pope john paul was very ill -- >> yes, he was. >> towards the end. so, why this unprecedent ed in modern times? >> we've known it's always been a possibility. they would ask about that, especially, like you mentioned in the days of blessed john paul ii. was it a probability, no. but now, the ice might be broken. and in the future, it might become not as startling. >> what happens when you have a former pope? >> i'm wondering myself. i'm wondering. we haven't been through this in 600 years. so, i think he's going -- let me get to my books, let me get back to my piano. he's going to be saying. let me concentrate on my writing. he's probably going to relish the transition. >> would you like to see an african? would you like to see a south american? >> yes. and i think those are very probable. to think that maybe, maybe the college of card nainals feel th holy spirit is directing them to choose from somewhere else, i think so. >> what are the odds of a north american? and you were asked, what about you? >> is this abc news or comedy central? you are -- >
and we know that pope john paul was very ill -- >> yes, he was. >> towards the end. so, why this unprecedent ed in modern times? >> we've known it's always been a possibility. they would ask about that, especially, like you mentioned in the days of blessed john paul ii. was it a probability, no. but now, the ice might be broken. and in the future, it might become not as startling. >> what happens when you have a former pope? >> i'm wondering myself. i'm wondering....
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i know john paul ii, whom we knew quite well, went through a lot more ordeals and i think more health problems than pope benedict, but i don't -- i'm not in a position to criticize. i don't know what his status of health is. >> but if an american president retired on the grounds of exhaustion, they would be ridiculed, wouldn't it? >> i think it wasn't just exhaustion, but he wasn't able to handle the mental challenges to handle his job. it's up to him to make a decision. not been done much in the past. >> a lot of people when i said i was interviewing you. >> yes. >> said to me, as long as last time, said he's the greatest post president america has ever had. is that compliment or a veiled insult? >> i take it as a compliment. my wife would take it maybe as a veiled insult. we did a lot of good things when we brought peace to egypt. we formed an alliance with china after 35 years, we told the truth, we kept our country at peace for four years, which is a rare thing. >> incredibly rare. >> i think we -- peace and human rights. >> has the role of president changed dramatically do you th
i know john paul ii, whom we knew quite well, went through a lot more ordeals and i think more health problems than pope benedict, but i don't -- i'm not in a position to criticize. i don't know what his status of health is. >> but if an american president retired on the grounds of exhaustion, they would be ridiculed, wouldn't it? >> i think it wasn't just exhaustion, but he wasn't able to handle the mental challenges to handle his job. it's up to him to make a decision. not been...
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the election of john paul roim -- i overnight. he was prayerful and they picked him almost automatically and stame with pope john paul ii. you - pope benedict. i don't think we can tell at this point. >> monsingor, always good to see you and we'll pull for a longhornser or north american as you say. >> thank you, eric. >> libyans, thousands of therm marking the uprising that toppled gad gad. many are sporting flaggings on their cars and balloons and featuring the national colors. the new leader calling for unity in the nation. but the new libyan central government has little authority beyond the capitol of tripoli. the country is fractured. there are militia. >> explosion in baghdad this morning. 28 people were killed and dozens more wounded . here you can see burned out hulkings was -- buildings and cars. sunday is the beginning of the work day there. >> the national gun debate rages on and new quis of a potential fall out. they are halting production in response to sweeping gun laws. adam houseley is following this from los ange
the election of john paul roim -- i overnight. he was prayerful and they picked him almost automatically and stame with pope john paul ii. you - pope benedict. i don't think we can tell at this point. >> monsingor, always good to see you and we'll pull for a longhornser or north american as you say. >> thank you, eric. >> libyans, thousands of therm marking the uprising that toppled gad gad. many are sporting flaggings on their cars and balloons and featuring the national...
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he took over after the death of pope john paul ii. will turn 86 in april, so he is getting a little older. we expect a news conference will vatican in just a moments. we are waiting for more of information. they are setting the stage now conference to elect a pope before the end of march. whens just about the time world willround the easter.rating we do hope to get more information in a couple minutes breaking news story from rome.as in back to you. thank you so much. has made his mark, into social media with twitter accounts. he personally tweeted over the few months. a lot of questions with not many answers yet, but we hope to hear from the vatican. everything that's being latin and isin being translated. we will share it with you when it.et >> there's no clear successor. when pope benedict was installed pope, he was a leading contender. as of now, they don't know who be.next one will >> the vatican pledges they will work very quickly to make sure elected.a successor not surprisingly, las vegas and taking gambling the successor who
he took over after the death of pope john paul ii. will turn 86 in april, so he is getting a little older. we expect a news conference will vatican in just a moments. we are waiting for more of information. they are setting the stage now conference to elect a pope before the end of march. whens just about the time world willround the easter.rating we do hope to get more information in a couple minutes breaking news story from rome.as in back to you. thank you so much. has made his mark, into...
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Feb 7, 2013
02/13
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john reed has said that and paul volcker and many people who you spend time with. >> are you asking me why -- >> what do you think is -- >> well, paul volcker actually said something slightly different as you know. he has advocated the volcker rule, and i don't know the volcker rule, what it means, because nobody's defined it yet. and the reason, as you know, is that it is a very -- it is a line that will only be ultimately arbitrary. so, it's an issue that a lot of people engage with. i'll stick with what i said a moment ago. the focus is right. >> right. >> the focus of too big to fail is right. we had fannie mae and freddie mac. the question of how to address it i think is massively more complicated than these kinds of relatively in my opinion, limited proposals. >> right. >> i'll just say once again, i think it's really important, if you're going to get into this question of too big to fail, you have to try to figure out, if i take the risk away from here, where is that risk going to go and how do i deal with that? and i don't think anybody's come up with a good answer to that. >>
john reed has said that and paul volcker and many people who you spend time with. >> are you asking me why -- >> what do you think is -- >> well, paul volcker actually said something slightly different as you know. he has advocated the volcker rule, and i don't know the volcker rule, what it means, because nobody's defined it yet. and the reason, as you know, is that it is a very -- it is a line that will only be ultimately arbitrary. so, it's an issue that a lot of people...
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Feb 17, 2013
02/13
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the other 50 were appointed by his predecessor, pope john paul ii. so, directly, no, he will not have any input into the conclave, but, indirectly, because he had such an important role in appointing those cardinals, he will have some role to play, but not directly, as i said. christi? >> ben wedemen, thank you so much as we look at live pictures there from vatican tv. >>> coming up in our 8:00 hour here, we'll take a closer look at the intrigue and the secrecy in the church, as well as hollywood's obsession with the vatican, you know, it's there. >>> i want to talk to you about what's happening back here at home. a blinding whiteout in detroit. this is on a major freeway. no immediate reports of fatal y fatalities. 44 vehicles that collided saturday on interstate 75. listen it to this couple who was caught in the middle of that i-75 smash up. >> it was just like somebody suddenly threw a white sheet across the windshield and we couldn't see anything. >> you could hear all the cars banging. >> detroit is not the only place getting snow. here's meteor
the other 50 were appointed by his predecessor, pope john paul ii. so, directly, no, he will not have any input into the conclave, but, indirectly, because he had such an important role in appointing those cardinals, he will have some role to play, but not directly, as i said. christi? >> ben wedemen, thank you so much as we look at live pictures there from vatican tv. >>> coming up in our 8:00 hour here, we'll take a closer look at the intrigue and the secrecy in the church, as...
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Feb 11, 2013
02/13
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elected in 2005, he succeeded john paul ii. there have been recent concerns about his health and he's needed help walking, but a vatican spokesperson insists he's not facing anything grave. the cardinals will elect his replacement and hope that can happen by holy week. >> they're looking for someone to preserve the court teachings of the church and be a faith in the church. >> reporter: holy watchers say there doesn't appear to be a front runner. many wonder if the time has come for a non-european leader. >> and more reaction now. an event so rare, it hasn't happened in 600 years. there is shock and appreciation for his bold move. tom fitzgerald gathered reaction from cardinals to parishioners. safe to say no one saw this coming. >> reporter: you're right. in fact, the cardinal told reporters here in washington that he recently visited the pope in rome and that the holy water gave no hint what -- father gave no hint what he was thinking about. after seven years, pope benedict xvi's relatively brief papacy, the end of which is b
elected in 2005, he succeeded john paul ii. there have been recent concerns about his health and he's needed help walking, but a vatican spokesperson insists he's not facing anything grave. the cardinals will elect his replacement and hope that can happen by holy week. >> they're looking for someone to preserve the court teachings of the church and be a faith in the church. >> reporter: holy watchers say there doesn't appear to be a front runner. many wonder if the time has come for...
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Feb 26, 2013
02/13
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the pope was perfectly okay yesterday to me and predecessor pope john paul survived two assassination attempts, various cancer scares, crippling arthritis, and you had parkinson's as well. yet he battled on for 27 years. it does seem on the face of it very strange that pope benedict would walk away amid all the scandals being told and in the media of a secret gaye network of clergy inside the vatican, the financial mismanagement and the firing of archbishop cardinal keith o'brien of inappropriate behavior towards priests in the '80s. when you put it altogether, where are we left, do you think? >> i take the pope on his word. he is 85 years of age. his health is declining. he knows his health is going to continue to decline. i am not surprised. modern medicine can keep us physically alive long after we can do the kind of job that it requires to be, to have the strength, the mental ability to do that kind of job, so it was inevitable that sometime during the 21st century we have a pope resign for a reason like this. now, you know, with regards to all of these scandals and stories that a
the pope was perfectly okay yesterday to me and predecessor pope john paul survived two assassination attempts, various cancer scares, crippling arthritis, and you had parkinson's as well. yet he battled on for 27 years. it does seem on the face of it very strange that pope benedict would walk away amid all the scandals being told and in the media of a secret gaye network of clergy inside the vatican, the financial mismanagement and the firing of archbishop cardinal keith o'brien of...
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Feb 11, 2013
02/13
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ratzinger, was very keenly aware of what happened to pope john paul ii. he talked to people about how his demise seemed somewhat of a dishonorable end to his papacy. he had in his mind already what type of glorious exit, to use the phrase, he may want in store for him. let's get some perspective as to what is coming out of the vatican as to why this is happening, what it means. john allen, our senior vatican analyst, joins us now. what do we know, john? >> reporter: what we know is that we are living through a day of enormous shock here in rome. not so much the pope benedict xvi chose to resign. he signaled two years ago that he would be open to doing that, but the fact that we had absolutely no indication this was coming today. precisely because of that, therefore, there are some enormous unanswered questions about how all of this is going to play out. i suppose the biggest questions would be, "a," what will the role of a retired pope be? will he continue to play any kind of public role? will he continue to exercise any influence on the future direction
ratzinger, was very keenly aware of what happened to pope john paul ii. he talked to people about how his demise seemed somewhat of a dishonorable end to his papacy. he had in his mind already what type of glorious exit, to use the phrase, he may want in store for him. let's get some perspective as to what is coming out of the vatican as to why this is happening, what it means. john allen, our senior vatican analyst, joins us now. what do we know, john? >> reporter: what we know is that...
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Feb 17, 2013
02/13
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john paul ii and benedict xvi further expanded and internationalized the college of cardinals. another factor for the conclave is the proliferation of the media, which challenges the vow of secrecy and perhaps also shapes the choices. inevitably, observers are making up their short lists of candidates, lists that have already been revised many times. and beyond the politics and the process and the pageantry, for the world's catholics, the conclave is ultimately a holy endeavor. i'm kim lawton, reporting. >> pope benedict's resignation is to take effect on february 28th. the college of cardinals is expected to convene in march, which means that a new pope will almost certainly have been chosen by easter. >>> in other news, in his state of the union speech this week, president obama addressed several issues of concern to many faith groups. the president pushed for stricter gun control, comprehensive immigration re and protections for senior and protections for senior citizens, the middle class and working families. some religious organizations praised obama's demand to raise the
john paul ii and benedict xvi further expanded and internationalized the college of cardinals. another factor for the conclave is the proliferation of the media, which challenges the vow of secrecy and perhaps also shapes the choices. inevitably, observers are making up their short lists of candidates, lists that have already been revised many times. and beyond the politics and the process and the pageantry, for the world's catholics, the conclave is ultimately a holy endeavor. i'm kim lawton,...